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Brookdale Hospital hired an inexperienced controler early in 20X4. Near the end of 20X4. the board of director decided to conducta major fundraising campaign. They

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Brookdale Hospital hired an inexperienced controler early in 20X4. Near the end of 20X4. the board of director decided to conducta major fundraising campaign. They wished to have the December 31 20X4.statement of Financial position for Brookdale fully conform with current generaly accepted principles for hospitals. The trial balance prepared by the controler December 31, 20X4follow Debit Credit L L atin Sorterarte Securities a tin Long Term Fortable Securities trust cavable watory Alle for Depreciation und Balance $1,758 Additional information recognised contributions for L Your e yes of the con buon receives of December 31 20X4. determined that there were the flowing restricted Cancer r anch Purchase of up Prently restricted endowment principal 2 Shortcem investments at year and consist of $150.000 of funds without donar restrictions and $49.000 of fungerted to future cancer research. A of the long-term investments are held in the permanently restricted endowment fund 3. Lands carried at its current market value of $121.300. The original owner purchased the land for $70,700, and at the time of donation to the hospital, it had an opposed value of $96.500 4 Buildings purchased it years ago for $609,000 had an estimated useful life of 30 years. Equipment Couting $151.500 We purchased 7 years ago and has an expected life of years. The controller hed properly increased the reported values of the buildings and equipment to their current fair value of $936,400 and had incorrectly computed the accumulated depreciation 5. The board of directors voted on December 29, 20X4, to designate $101400 of funds without donor restrictong invested in short- term investments for developing a drug rehabilitation center Required: Prepare a balance sheet for Brookdale Hospitalet December 31, 20X4. (Amounts to be deducted should be indicated with minus sign.) BROOKDALE HOSPITAL Balance Sheet December 31, 20X4 Current Assets Total current Nett o in buildings and smart Tones Totalt and not

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